Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen significant changes over the years. In 2003, the value was Rs 122 per sq.ft, which increased to Rs 1,273 per sq.ft in 2017, marking a substantial rise of 943%. The following revision in 2023 set the value at Rs 1,900 per sq.ft, reflecting a 49% increase from the 2017 figure. As of the 2024 revision, the current guideline value stands at Rs 2,090 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2007, and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 1613%.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is the same as the current value for Pillaiyar Koil Street.

• Pillaiyar Madathangal: Rs 2,090 per sq.ft (2024)
• Pillair Madamthangal Perumal Koil Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil Street Kudiyiruppu: Rs 2,090 per sq.ft (2024)
• Perumal koil Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil Ist Cross Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil 3rd Cross Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, making the total cost Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Noombal

The guideline value plays a crucial role during the registration of property transactions in Noombal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 122 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 1613%.

What is the stamp duty for property transactions on Pillaiyar Koil Street?

The stamp duty for property transactions on Pillaiyar Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street?

The Sub Registrar Office for Pillaiyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Special Type - I according to the land classification regulations.